§ 705 — Articles of dissolution

New York § 705

• Jurisdiction: New York
• Law LLC: Limited Liability Company Law
• Art. 7: Dissolution

Text

§ 705. Articles of dissolution. (a) Within ninety days following the\ndissolution and the commencement of winding up of the limited liability\ncompany, or at any other time after the expiration of the time period\nfor continuation of the limited liability company without the agreement\nin writing to continue by the legal representative of the last remaining\nmember under paragraph four of subdivision (a) of section seven hundred\none of this article has expired, articles of dissolution shall be filed\nwith the department of state entitled "Articles of dissolution of...\n(name of limited liability company) under section seven hundred five of\nthe Limited Liability Company Law" and executed in accordance with\nsection two hundred seven of this chapter. The articles of dissolution\nshall set forth:\n (1) the name of the limited liability company; and if it has been\nchanged, the name under which it was formed;\n (2) the date of filing of its articles of organization;\n (3) the event giving rise to the filing of the articles of\ndissolution; and\n (4) any other information the persons filing the articles determine.\n (b) The cancellation of the articles of organization is effective at\nthe time of filing of the articles of dissolution.\n (c) The cancellation of the articles of organization shall not affect\nthe liability of the members during the period of winding up and\ntermination of the limited liability company.\n